Is Fortuna Silver Mines Inc. (FSM) A Solid Choice On The Value Front?

The stock of Fortuna Silver Mines Inc. (NYSE:FSM) decreased by -$0.2 on Monday to finish at $3.70, down -5.13 percent. The last five days have seen an average of 5,855,240 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$0.20. The average number of shares traded over the last 20 days was 5,257,715, while the average volume over the last 50 days totaled 5,197,602.

FSM stock appreciated 41.76% since last month. On 11/07/22, the company’s shares reached a one-month low of $2.91. The stock touched a high of $4.68 on 03/08/22, after rallying from a low of $2.05 in 52 weeks. The price of FSM stock has declined by -5.13% or -$0.20 this year, reaching a new high 7 times. Still, the stock price is down -20.86% from the 52-week high.

Valuation Metrics

Fortuna Silver Mines Inc. (FSM) has a trailing price-to-earnings (P/E) ratio of 33.64. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.50, the price-to-book (PB) ratio of 0.77.

Financial Health

Based on annual data, it had gross profit of $136.88 million and revenue of $599.85 million.

Earnings Surprise

According to Fortuna Silver Mines Inc.’s quarterly financial report for the quarter that ended September 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $257.19 million, while revenues fell by -2.38% to $0.0. It was predicted that Fortuna Silver Mines Inc.’s quarterly earnings would be $0.01, but it ended up being $0.03, beating the consensus by -66.70%. EBITDA was $52.56 million for the quarter. At the end of Fortuna Silver Mines Inc.’s most recent quarter ended September 29, its liabilities totaled 592.75 million, while its total debt was $228.25 million.

Technical Picture

Here’s a quick look at Fortuna Silver Mines Inc.’s (FSM) price momentum from a technical perspective. As of 05 December, the RSI 9-day stood at 58.66%, suggesting the stock is Neutral, with a 61.24% historical volatility rate.

The stochastic %K and %D were 78.28% and 85.04% respectively, while the average true range (ATR) was 0.19. Based on the 14-day stochastic reading of 62.12%, the RSI (14) reading is 60.67%. On the 9-day MACD Oscillator, the stock is at 0.12, and the 14-day reading is at 0.21.

Analyst Ratings

In its most recent analyst report, Canaccord Genuity raised its rating on Fortuna Silver Mines Inc. (NYSE: FSM) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Fortuna Silver Mines Inc. (FSM) an Overweight rating. FSM is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.

What is FSM’s price target for the next 12 months?

The current consensus forecast for the stock is between $3.96 and $4.82, with a median target price of $4.33. In analyzing these forecasts, the average price target given by analysts for Fortuna Silver Mines Inc. (FSM) is $4.33.

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